Wednesday 2nd September 2015
THE EURO was higher due to short covering overnight as it consolidates some of this month’s decline. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. Closes below the 20day moving average crossing are needed to confirm that a shortterm top has been posted while opening the door for additional weakness nearterm. If it resumes the rally off July’s low, the 38% retracement level of the 20142015decline crossing is the next upside target.
Friday 4th September 2015
STERLING closed lower on Thursday as it extended its decline off August’s high. The lowrange close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the aforementioned decline, June’s low crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm low has been posted.
Monday 7th September 2015
STHE EURO closed higher due to short covering on Friday but remains below the 20day moving average crossing. The midrange close sets the stage for a steady opening when Tuesday’s night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends this week’s decline, the reaction low crossing is the next downside target.
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Tuesday 8th September 2015
STERLING closed higher on Monday as it extended its decline off August’s high. The highrange close sets the stage for a steady to lower opening when Tuesday’s night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the aforementioned decline, the 62% retracement level of the AprilJunerally crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm low has been posted.
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Wednesday 9th September 2015
THE YEN closed higher on Tuesday as it extends this week’s rally. The highrange close sets the stage for a steady to higher opening when Wednsday’s night session begins trading. Stochastics and the RSI have turned neutral to bullish signalling that sideways to higher prices are possible nearterm. If it renews the rally off August’s low, August’s low crossing is the next upside target. Closes above the 20day moving average crossing are needed to confirm that a shortterm top has been posted.
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Thursday 10th September 2015
THE EURO closed higher due to short covering on Wednesday but remains below the 20day moving average crossing. The highrange close sets the stage for a steady opening when Thursday’s night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it renews last week’s decline, the reaction low crossing is the next downside target.
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Friday 11th September 2015
STERLING closed higher on Thursday as it extends the rally off Tuesday’s low. The highrange close sets the stage for a steady to higher opening when Friday’s night session begins trading. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above the 20day moving average crossing are needed to confirm that a shortterm low has been posted. If it extends the decline off August’s high, the 62% retracement level of the AprilJunerally crossing is the next downside target.
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Monday 14th September 2015
THE EURO closed higher on Friday as it extends this week’s rally. The highrange close sets the stage for a steady to higher opening when Monday’s night session begins trading. Stochastics and the RSI have turned neutral to bullish signalling that a low might be in or is near. Closes above the reaction high crossing are needed to confirm that a shortterm low has been posted. If it renews last week’s decline, the reaction low crossing is the next downside target.
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Tuesday 15th September 2015
SPOT GOLD closed up on Monday. The highrange close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off August’s high, July’s low crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a low has been posted.
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Wednesday 16th September 2015
THE YEN closed higher on Tuesday. The highrange close sets the stage for a steady to higher opening when Wedneday’s night session begins trading. Stochastics and the RSI are neutral signalling that sideways trading is possible nearterm. If it renews the rally off August’s high, August’s low crossing is the next downside target. Closes above the reaction high crossing are needed to confirm that a shortterm bottom has been posted.
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Thursday 17th September 2015
STERLING closed higher on Wednesday and above the 20day moving average crossing confirming that a shortterm low has been posted. The highrange close sets the stage for a steady to higher opening when Thursday’s night session begins trading. Stochastics and the RSI have turned neutral to bullish signalling that sideways to higher prices are possible nearterm. If it renews the decline off August’s high, the 62% retracement level of the AprilJunerally crossing is the next downside target.
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Friday 18th September 2015
THE SWISS FRANC closed lower on Thursday and below the 20day moving average crossing confirming that a shortterm high has been posted. The lowrange close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI are neutral to bearish signalling that a high might be in or is near. If it extends today’s rally, the reaction low crossing is the next downside target. If it renews the rise off August’s low, August’s high crossing is the next upside target.
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Tuesday 22nd September 2015
NATURAL GAS gapped down and closed lower on Monday as it extends this summer’s decline. The highrange close sets the stage for a steady to lower opening when Tuesday’s night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off August’s high, weekly support crossing is the next downside target. Closes above the 20day moving average crossing is the next upside target.
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Wednesday 23rd September 2015
STERLING closed lower on Tuesday as it extended the decline off last Friday’s high. The lowrange close sets the stage for a steady to lower opening when Wednesday’s night session begins trading. Stochastics and the RSI have turned neutral to bearish signalling that a shortterm top might be in or is near. Closes below last Tuesday’s low crossing are needed to confirm that a shortterm top has been posted. If it renews this month’s rally, August’s high crossing is the next upside target.
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Thursday 24th September 2015
THE EURO closed higher due to short covering on Wednesday as it consolidated some of the decline off last Friday’s high. The highrange close sets the stage for a steady to higher opening when Thursday’s night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. Closes below the reaction low crossing would renew the decline off August’s high. Closes above the 10day moving average crossing would temper the nearterm bearish outlook.
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Friday 25th September 2015
US OIL closed higher on Thursday as it extends this month’s trading range. The highrange close sets the stage for a steady opening when Friday’s night session begins. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. Closes below the reaction low crossing are needed to confirm that a shortterm top has been posted. If it resumes the rally off August’s low, the 50% retracement level of the MayAugustdecline crossing is the next upside target.
See more analysis at Market Commentary | HY Markets
Monday 28th September 2015
THE EURO closed lower on Friday. The midrange close sets the stage for a steady to higher opening when Monday’s night session begins trading. Stochastics and the RSI are turning neutral to bullish signalling that a shortterm low might be in or is near. Closes above the 10day moving average crossing would temper the nearterm bearish outlook. Closes below the reaction low crossing would renew the decline off August’s high.
See more analysis at Market Commentary | HY Markets
Tuesday 29th September 2015
THE EURO closed higher on Monday. The highrange close sets the stage for a steady to higher opening when Tuesday’s night session begins trading. Stochastics and the RSI are turning neutral to bullish signalling that a shortterm low might be in or is near. Closes above the 10day moving average crossing would temper the nearterm bearish outlook. Closes below the reaction low crossing would renew the decline off August’s high.
See more analysis at Market Commentary | HY Markets
Wednesday 30th September 2015
THE YEN closed lower on Tuesday as it extends this month’s trading range. The midrange close sets the stage for a steady to lower opening when Wednesday’s night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. Closes below the reaction low crossing are needed to confirm an downside breakout of the aforementioned trading range. Closes above the reaction high crossing are needed to confirm a upside breakout of the aforementioned trading range
See more analysis at Market Commentary | HY Markets
Friday 2nd October 2015
THE EURO closed higher on Thursday. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible nearterm. The midrange close sets the stage for a steady to lower opening when Friday’s night session begins trading. Closes below the reaction low crossing would renew the decline off August’s high. Closes above the reaction high crossing would signal that a shortterm low has been posted.
See more analysis at Market Commentary | HY Markets
